The possibility that the future price of crude oil is higher than that of crude oil futures is the same as that of crude oil futures, which may be quite right.

This shows that for speculators, the use of futures contracts is like a gamble, just like betting on a coin, which will have heads or tails.

But for airlines, hedging risks, rather than speculative arbitrage, may make sense.

Therefore, futures contracts have the function of reducing risks.

When there is a contract to hedge risks, it may be controversial for airlines not to expose shareholders to risks related to crude oil futures prices.

It may lack literary color, but the language is not good.

But the general meaning is definitely correct, and professional vocabulary translation should be no problem.

I hope the landlord is satisfied. ~~

In interest rate swap, the risk exposure of financial institutions is determined by the difference between fixed interest rate and floating interest rate.

Theoretically, there is no risk exposure.

But in the loan, all the standards are invalid.